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    Fully Remodeled Duplex for Sale Title is generated by Realmo AI

    1315 Union Street, Indianapolis, IN 46225

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    For Sale
    $405,000

    MULTI_FAMILY - Other - Indianapolis, IN

    Property size:
    3,300 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $122/SF
    Added:
    Jan 9, 2026
    Days on Market:
    156
    Last Refresh:
    Jun 14 at 12:06 am

    Property Features for 1315 Union Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    APN
    491113146097000101
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Mc Cartys South Add L78

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1917
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

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    Listing Contact
    Olga Bliuc-Haggard

    Listing agent Olga Bliuc-Haggard License #RB18002164

    Listing office New Quantum Realty Group E Washington St 5610, INDIANAPOLIS, IN

    Listing date Jan 9, 2026

    MLS# 22079098 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully remodeled duplex with 2 spacious units, each featuring 3 bedrooms and 2.5 bathrooms
    • Each unit offers 1,650 sq ft of living space with modern finishes and updated layouts
    • Currently generating $2,700/month in combined rent
    • Central air conditioning
    • Built in 1917
    • Basement included

    Overview

    This fully remodeled duplex offers two spacious residential units, with each side featuring three bedrooms and 2.5 bathrooms. Each unit includes approximately 1,650 square feet of living space and is finished with modern updates. The property has updated systems and thoughtful layouts designed to support comfortable long-term tenancy.

    The duplex is located at 1315 Union Street in Indianapolis, Indiana (46225), in Marion County. The listing notes the property is near downtown Indianapolis.

    With two separate units, the property provides a straightforward setup for an investor seeking an income-producing asset. The current combined rent is listed at $2,700 per month, and the property is presented as turnkey based on the recent remodeling and system updates. For buyers or operators who want a duplex with consistent unit configuration—each side with three bedrooms and 2.5 baths—this layout may align well with a range of household needs.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $53.5k $16.20
    − Vacancy −$3.7k −$1.12
    EGI $49.8k $15.08
    − OpEx −$14.9k −$4.52
    NOI $34.8k $10.55
    3,300 SF · lease $16.20/SF/yr · vacancy 6.93% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $497.6K
    $435.4K – $580.5K (±1% cap)
    NOI $34,829 @ 7.0% cap · market cap 8.60%
    Second Best
    Apartment 5plus
    $432.6K
    $378.6K – $504.8K (±1% cap)
    NOI $30,285 @ 7.0% cap · market cap 7.48%
    Theoretical Best
    Office A
    $821.4K
    $718.7K – $958.3K (±1% cap)
    NOI $57,499 @ 7.0% cap · market cap 14.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.157256
    Latitude
    39.749928

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with two remodeled 3-bedroom units generating combined monthly rent.
    Where is this duplex located?
    The property is located at 1315 Union Street Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $405,000.
    What are key features of this property?
    This property features: Fully remodeled duplex with 2 spacious units, each featuring 3 bedrooms and 2.5 bathrooms; Each unit offers 1,650 sq ft of living space with modern finishes and updated layouts; Currently generating $2,700/month in combined rent
    More about this property
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